Ingredion Incorporated $INGR is Grace & White Inc. NY’s 4th Largest Position

Grace & White Inc. NY grew its stake in shares of Ingredion Incorporated (NYSE:INGR) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,601 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Ingredion makes up approximately 3.6% of Grace & White Inc. NY’s portfolio, making the stock its 4th biggest position. Grace & White Inc. NY owned 0.23% of Ingredion worth $19,746,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC boosted its stake in shares of Ingredion by 474.2% during the first quarter. Jump Financial LLC now owns 11,501 shares of the company’s stock valued at $1,555,000 after purchasing an additional 9,498 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Ingredion during the first quarter valued at approximately $646,000. Jupiter Asset Management Ltd. raised its holdings in shares of Ingredion by 38.2% during the first quarter. Jupiter Asset Management Ltd. now owns 342,190 shares of the company’s stock valued at $46,268,000 after acquiring an additional 94,575 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Ingredion by 8.4% during the first quarter. Brown Advisory Inc. now owns 2,318 shares of the company’s stock valued at $313,000 after acquiring an additional 180 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Ingredion by 156.7% during the first quarter. Transcend Capital Advisors LLC now owns 11,086 shares of the company’s stock valued at $1,499,000 after acquiring an additional 6,768 shares in the last quarter. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group decreased their target price on Ingredion from $144.00 to $130.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Ingredion in a report on Wednesday. Finally, Wall Street Zen downgraded Ingredion from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.20.

Ingredion Trading Up 0.2%

Ingredion stock opened at $119.78 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.78 and a quick ratio of 1.81. Ingredion Incorporated has a one year low of $119.31 and a one year high of $155.44. The stock has a market capitalization of $7.69 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.95 and a beta of 0.74. The business’s fifty day moving average is $125.08 and its 200 day moving average is $131.36.

Ingredion (NYSE:INGR) last announced its earnings results on Friday, August 1st. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.09. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Ingredion had a return on equity of 19.04% and a net margin of 9.24%.The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $2.87 earnings per share. Ingredion has set its FY 2025 guidance at 11.100-11.600 EPS. On average, sell-side analysts predict that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Wednesday, October 1st will be paid a dividend of $0.82 per share. This is a boost from Ingredion’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $3.28 annualized dividend and a yield of 2.7%. Ingredion’s dividend payout ratio is 32.00%.

Insider Activity at Ingredion

In other Ingredion news, SVP Larry Fernandes sold 850 shares of Ingredion stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $128.39, for a total value of $109,131.50. Following the sale, the senior vice president owned 31,171 shares of the company’s stock, valued at $4,002,044.69. The trade was a 2.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James P. Zallie sold 36,287 shares of Ingredion stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $126.52, for a total value of $4,591,031.24. Following the completion of the sale, the chief executive officer directly owned 50,129 shares in the company, valued at approximately $6,342,321.08. The trade was a 41.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,137 shares of company stock worth $4,700,163 in the last three months. 2.30% of the stock is owned by corporate insiders.

Ingredion Profile

Ingredion Incorporated, together with its subsidiaries, manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa.